TDP: Board resolution on stock dividend payment
The Board of Directors of Thuan Duc Joint Stock Company approved to implement a plan for the 2020 dividend payment as follows:
− Stock name: Stock of Thuan Duc Joint Stock Company
− Stock type: common stock
− Par value: VND10,000/share
− Total issued volume: 53,759,837 shares
− Outstanding volume: 53,759,837 shares
− Treasury shares: 0 shares
− Estimated issue volume: 6,451,180 shares
− Total issue value: VND64,511,800,000
− Issue ratio: 12%
− Financial resource: the undistributed after-tax profit in the 2020 audited consolidated financial statements
− Plan to deal with fractional shares: The shares newly issued to shareholders will be rounded down to units. The fractional shares (if any) will be cancelled.
For example, on the record date, shareholder A owns 115 shares. Shareholder A will receive: 115 x 12% = 13.8 shares. After rounded down, the real number of shares shareholder A receives will be 13 shares. The fractional part (0.8) will be cancelled.
− Issue date: in 2021, after the State Securities Commission approves.